India drives global electric three-wheeler market
May 23, 2025
India continues to be the world’s largest market for electric three-wheelers for a second year in a row as sales rose nearly 20% to reach about 7 lakh vehicles in 2024, according to the International Energy Agency (IEA) in its Global EV Outlook 2025. India continues to drive the most growth in the global electric three-wheeler market, it said. Despite the global three-wheeler (3W) market shrinking 5% from the previous year, electric 3W sales grew more than 10% to surpass 1 million vehicles in 2024. Electric 3W sales represented almost one-quarter of all 3W sales, up from one-fifth in 2023. China and India together accounted for more than 90% of electric and conventional 3W sales. On electric cars, IEA said total sales in India increased only slightly, approaching 1,00,000 (or 2%) in 2024, as per a report.
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